Irwin Mitchell Advises On Sale Of Advance Fuels To Certas Energy

11th November 2013

Energy Deal Involves Two Multi-National Parent Companies The Sheffield office of top 20 law firm, Irwin Mitchell, has advised leading fuel wholesaler, Mabanaft, on the disposal by its subsidiary, South Eastern Fuels Ltd, of its Advance Fuels business for an undisclosed seven figure sum.

Croydon-based Advance Fuels, supplies fuel oil to domestic and commercial customers throughout London and the South East of England. Its UK parent company, Mabanaft, is an independent fuel wholesaler specialising in supplying retailers, hauliers, marine-bunker providers, supermarkets, and the industrial sectors. Mabanaft is the trading arm of German international oil and energy business, Marquard & Bahls AG. Mabanaft has sold Advance Fuels to Certas Energy UK Ltd, a fuel and lubricant distributor. Mabanaft retains South Eastern Fuels Limited which in future will focus on its retained business including its core bulk activity. Certas is part of DCC Energy - the leading oil and liquefied petroleum gas (LPG) sales, marketing and distribution business. Across Europe DCC employs 9,500 people and last year sold 9.6 billion litres of product to around one million customers. Kevin Cunningham, a Corporate Partner at Irwin Mitchell, advised Mabanaft on the disposal. He said: -We are delighted to have been involved with this deal. Both Advance Fuels and Certas are part of large multinational groups and this transaction once again highlights our capability to successfully complete deals that are outside the region and have an international dimension.